PFM vs. QLC ETF Comparison

Comparison of PowerShares Dividend Achievers (PFM) to FlexShares US Quality Large Cap Index Fund (QLC)

PFM

PowerShares Dividend Achievers

PFM Description

The PowerShares Dividend AchieversTM Portfolio (Fund) seeks to replicate, before fees and expenses, the NASDAQ US Broad Dividend AchieversTM Index (Index), which is designed to identify a diversified group of dividend-paying companies. The Fund will normally invest at least 90% of its total assets in dividend paying common stocks that comprise Index. These companies have increased their annual dividend for 10 or more consecutive fiscal years. The Fund and the Index are reconstituted annually in January and rebalanced quarterly in January, April, July and October. Effective December 28, 2012, the NADAQ OMX Group, Inc., replaced Mergent, Inc., as the Index Provider of the Index. Effective February 25, 2013, the name of the Index changed from Broad Dividend Achievers Index to NASDAQ US Broad Dividend Achievers Index. There will be no change to the methodology by which NASDAQ OMX Group, Inc., the Index Provider, calculates the Index. Please see the Fund’s prospectus supplement for more information. On February 25, 2013, NASDAQ took the place of the NYSE as the official Index data source.

Grade (RS Rating)

Last Trade

$46.21

Average Daily Volume

27,422

Number of Holdings ^*

418

* may have additional holdings in another (foreign) market

QLC

FlexShares US Quality Large Cap Index Fund

QLC Description

FlexShares Trust - FlexShares US Quality Large Cap Index Fund is an exchange traded fund launched by Northern Trust Corporation. The fund is managed by Northern Trust Investments, Incorporated. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in momentum stocks of large-cap companies. The fund seeks to track the performance of the Northern Trust Quality Large Cap Index, by employing representative sampling methodology. FlexShares Trust - FlexShares US Quality Large Cap Index Fund is domiciled in the United States.

Grade (RS Rating)

Last Trade

$64.51

Average Daily Volume

38,957

Number of Holdings ^*

161

* may have additional holdings in another (foreign) market

Performance

Period	PFM	QLC
30 Days	3.29%	2.03%
60 Days	5.70%	3.65%
90 Days	8.12%	5.01%
12 Months	25.25%	33.13%

74 Overlapping Holdings

Symbol	Grade	Weight in PFM	Weight in QLC	Overlap
AAPL	C	4.29%	7.79%	4.29%
ABBV	C	1.52%	0.23%	0.23%
ABT	C	0.9%	0.14%	0.14%
ACN	C	0.97%	0.71%	0.71%
ADI	C	0.49%	0.54%	0.49%
ADM	D	0.13%	0.02%	0.02%
ADP	B	0.5%	0.05%	0.05%
AFL	C	0.27%	0.63%	0.27%
AMGN	B	0.78%	0.67%	0.67%
AOS	D	0.04%	0.1%	0.04%
AVGO	C	3.37%	1.8%	1.8%
BAC	D	1.34%	1.3%	1.3%
BBY	C	0.09%	0.21%	0.09%
BK	B	0.23%	0.62%	0.23%
BMY	C	0.43%	0.4%	0.4%
CAH	C	0.12%	0.21%	0.12%
CAT	B	0.73%	0.89%	0.73%
CE	F	0.06%	0.12%	0.06%
CL	D	0.39%	0.39%	0.39%
CMCSA	D	0.68%	0.75%	0.68%
CMI	C	0.18%	0.27%	0.18%
CSCO	C	0.88%	1.14%	0.88%
CSL	B	0.08%	0.34%	0.08%
DFS	B	0.14%	0.14%	0.14%
DHR	B	0.89%	0.05%	0.05%
ED	C	0.16%	0.57%	0.16%
EIX	C	0.14%	0.23%	0.14%
ELV	C	0.56%	0.17%	0.17%
EMR	D	0.26%	0.02%	0.02%
ESS	B	0.09%	0.57%	0.09%
EVRG	B	0.06%	0.03%	0.03%
EXPD	C	0.08%	0.4%	0.08%
FITB	B	0.13%	0.25%	0.13%
GS	C	0.68%	0.57%	0.57%
GWW	B	0.22%	0.56%	0.22%
HD	B	1.64%	0.65%	0.65%
INTU	C	0.8%	1.08%	0.8%
ITW	C	0.33%	0.75%	0.33%
JNJ	C	1.75%	1.67%	1.67%
JPM	D	2.62%	1.83%	1.83%
KLAC	D	0.44%	0.83%	0.44%
KMB	D	0.21%	0.48%	0.21%
KR	C	0.18%	0.47%	0.18%
LMT	C	0.6%	0.65%	0.6%
LOW	B	0.64%	0.45%	0.45%
LYB	D	0.14%	0.13%	0.13%
MAA	B	0.08%	0.02%	0.02%
MAS	B	0.08%	0.26%	0.08%
MCHP	F	0.18%	0.28%	0.18%
MCK	F	0.29%	0.69%	0.29%
MET	B	0.24%	0.52%	0.24%
MMM	B	0.32%	0.27%	0.27%
MO	C	0.4%	0.29%	0.29%
MRK	D	1.29%	1.1%	1.1%
MS	D	0.69%	0.53%	0.53%
MSFT	C	3.81%	5.1%	3.81%
NUE	F	0.15%	0.4%	0.15%
ORCL	C	1.96%	1.03%	1.03%
PAYX	C	0.21%	0.15%	0.15%
PEG	B	0.18%	0.6%	0.18%
PG	C	1.81%	1.36%	1.36%
PM	C	0.86%	0.56%	0.56%
PRU	C	0.18%	0.27%	0.18%
PSX	F	0.23%	0.19%	0.19%
QCOM	D	0.81%	0.72%	0.72%
RMD	C	0.16%	0.42%	0.16%
ROP	C	0.26%	0.03%	0.03%
SO	B	0.43%	0.9%	0.43%
STLD	F	0.08%	0.4%	0.08%
STT	A	0.11%	0.4%	0.11%
SYK	C	0.62%	0.05%	0.05%
TGT	C	0.3%	0.07%	0.07%
UPS	D	0.41%	0.37%	0.37%
WSM	D	0.08%	0.16%	0.08%

PFM Overweight 344 Positions Relative to QLC

Symbol	Grade	Weight
WMT	C	2.84%
UNH	C	2.39%
XOM	C	2.21%
MA	B	2.01%
V	C	1.99%
COST	B	1.79%
KO	C	1.36%
CVX	D	1.14%
PEP	C	1.08%
LIN	B	0.99%
MCD	B	0.93%
IBM	B	0.86%
VZ	B	0.82%
TXN	C	0.79%
NEE	C	0.76%
PFE	C	0.73%
SPGI	B	0.72%
RTX	C	0.71%
UNP	C	0.67%
HON	D	0.59%
BLK	B	0.58%
ETN	C	0.54%
MDT	C	0.53%
PLD	C	0.53%
CB	B	0.52%
SBUX	C	0.5%
MMC	C	0.5%
AMT	C	0.49%
MDLZ	B	0.44%
NKE	D	0.42%
SHW	B	0.42%
ICE	C	0.41%
DUK	C	0.4%
MCO	B	0.39%
ZTS	C	0.38%
GD	B	0.37%
WM	D	0.37%
CTAS	B	0.37%
TT	B	0.36%
CME	C	0.35%
APH	D	0.34%
NOC	B	0.34%
AON	B	0.33%
ECL	B	0.32%
MSI	B	0.32%
PNC	B	0.31%
BDX	D	0.3%
USB	B	0.3%
AJG	D	0.29%
CSX	D	0.29%
EPD	B	0.28%
RSG	D	0.28%
APD	B	0.27%
TFC	C	0.25%
TRV	C	0.24%
AEP	C	0.24%
O	C	0.24%
SRE	C	0.23%
ALL	B	0.22%
NDAQ	A	0.19%
AMP	A	0.19%
LHX	C	0.19%
MPLX	B	0.19%
TEL	D	0.19%
FAST	C	0.18%
A	C	0.18%
EXR	B	0.17%
SYY	D	0.17%
HUM	F	0.17%
XEL	B	0.16%
GLW	C	0.16%
HIG	B	0.15%
VMC	D	0.14%
XYL	C	0.14%
HPQ	D	0.14%
AWK	B	0.13%
BRO	C	0.13%
HSY	C	0.13%
ROK	D	0.13%
PPG	D	0.13%
CDW	D	0.13%
WEC	C	0.13%
TSCO	C	0.13%
K	B	0.12%
ES	C	0.11%
RJF	C	0.11%
STE	C	0.11%
BR	D	0.11%
CHD	D	0.11%
DOV	B	0.11%
DTE	C	0.11%
WST	D	0.1%
CBOE	C	0.1%
AEE	C	0.1%
WRB	C	0.1%
TROW	D	0.1%
ERIE	B	0.1%
BAH	C	0.09%
RF	B	0.09%
ATO	B	0.09%
CLX	C	0.09%
LII	B	0.09%
MKC	C	0.09%
CMS	C	0.09%
CINF	B	0.09%
ARE	C	0.09%
HUBB	B	0.09%
DGX	B	0.08%
HRL	C	0.08%
JBHT	D	0.08%
AVY	C	0.08%
WLK	D	0.08%
TSN	C	0.08%
PKG	B	0.08%
PFG	B	0.08%
GPC	D	0.08%
IEX	D	0.07%
KEY	B	0.07%
NI	B	0.07%
SWK	B	0.07%
LNT	B	0.07%
RPM	B	0.07%
UDR	C	0.07%
RS	D	0.07%
FNF	B	0.07%
WSO	C	0.07%
FDS	C	0.07%
SJM	C	0.06%
JKHY	B	0.06%
AES	C	0.06%
MORN	C	0.06%
POOL	C	0.06%
RNR	C	0.06%
REG	C	0.06%
GGG	C	0.06%
RGA	C	0.06%
ELS	C	0.06%
HEI	B	0.06%
CASY	D	0.06%
NDSN	C	0.06%
DPZ	F	0.06%
SNA	C	0.06%
BEN	F	0.05%
CHDN	C	0.05%
ALB	D	0.05%
UNM	B	0.05%
WTRG	D	0.05%
REXR	C	0.05%
ITT	B	0.05%
AFG	B	0.05%
IPG	C	0.05%
CHRW	B	0.05%
SCI	B	0.05%
EMN	B	0.05%
FIX	B	0.05%
CUBE	B	0.05%
OGE	C	0.04%
DCI	C	0.04%
ENSG	B	0.04%
TTC	D	0.04%
CHE	C	0.04%
SEIC	C	0.04%
PRI	B	0.04%
NNN	C	0.04%
EGP	B	0.04%
INGR	B	0.04%
EVR	A	0.04%
RGLD	C	0.04%
ORI	B	0.04%
GL	C	0.04%
MKTX	C	0.04%
RRX	C	0.04%
AIZ	B	0.04%
LECO	F	0.04%
ATR	B	0.04%
PNW	C	0.04%
HII	D	0.04%
CBT	B	0.03%
BMI	A	0.03%
R	A	0.03%
LFUS	C	0.03%
WTFC	B	0.03%
OSK	F	0.03%
AXS	B	0.03%
RHI	D	0.03%
BOKF	B	0.03%
AGCO	D	0.03%
TRNO	C	0.03%
ZION	D	0.03%
FAF	B	0.03%
MSA	D	0.03%
CFR	C	0.03%
RLI	B	0.03%
SSB	B	0.03%
STAG	C	0.03%
PB	B	0.03%
UFPI	C	0.03%
FR	B	0.03%
LAD	D	0.03%
SSD	D	0.03%
WBA	F	0.03%
ADC	C	0.03%
AIT	A	0.03%
CBSH	C	0.03%
CCOI	C	0.02%
WDFC	C	0.02%
CNO	B	0.02%
SR	B	0.02%
PRGO	D	0.02%
KAI	C	0.02%
IBOC	D	0.02%
BKH	B	0.02%
DDS	F	0.02%
AVNT	B	0.02%
ASH	D	0.02%
AGO	C	0.02%
FUL	C	0.02%
PII	D	0.02%
FELE	C	0.02%
CNS	B	0.02%
MATX	B	0.02%
AVT	C	0.02%
OZK	D	0.02%
NJR	B	0.02%
AL	D	0.02%
POR	C	0.02%
GATX	D	0.02%
FLO	C	0.02%
LANC	D	0.02%
UBSI	B	0.02%
UGI	C	0.02%
UMBF	B	0.02%
SWX	C	0.02%
FFIN	B	0.02%
BC	C	0.02%
THG	B	0.02%
WTS	C	0.02%
MDU	C	0.02%
IDA	C	0.02%
THO	D	0.02%
EXPO	A	0.02%
SON	C	0.02%
SLGN	B	0.02%
HOMB	B	0.02%
BCPC	C	0.02%
NXST	D	0.02%
NFG	B	0.02%
SIGI	D	0.02%
TKR	D	0.02%
CADE	C	0.02%
UVV	D	0.01%
WABC	D	0.01%
LNN	D	0.01%
TR	C	0.01%
CSGS	C	0.01%
HMN	D	0.01%
TCBK	D	0.01%
APOG	B	0.01%
SRCE	C	0.01%
NWN	C	0.01%
ANDE	D	0.01%
STBA	B	0.01%
LKFN	C	0.01%
SCL	D	0.01%
SYBT	A	0.01%
GTY	B	0.01%
TNC	F	0.01%
CHCO	B	0.01%
AGM	D	0.01%
WSBC	D	0.01%
DKL	C	0.01%
SJW	C	0.01%
HI	F	0.01%
NHC	D	0.01%
LMAT	C	0.01%
SXI	C	0.01%
NBTB	D	0.01%
FRME	D	0.01%
MTRN	F	0.01%
WOR	D	0.01%
HNI	C	0.01%
TOWN	B	0.01%
HWKN	C	0.01%
INDB	C	0.01%
TRN	D	0.01%
SFNC	B	0.01%
ABR	B	0.01%
CPK	B	0.01%
IOSP	D	0.01%
WAFD	C	0.01%
AVA	C	0.01%
KWR	D	0.01%
AWR	B	0.01%
CBU	C	0.01%
FIBK	B	0.01%
WSFS	D	0.01%
CWT	C	0.01%
ASB	D	0.01%
ABM	D	0.01%
MGEE	B	0.01%
OTTR	F	0.01%
JJSF	C	0.01%
NSP	F	0.01%
BRC	C	0.01%
GFF	D	0.01%
POWI	F	0.01%
AUB	D	0.01%
MAN	C	0.01%
BANF	B	0.01%
NWE	B	0.01%
FLIC	B	0.0%
BMRC	C	0.0%
JOUT	D	0.0%
ODC	C	0.0%
ARTNA	D	0.0%
HVT	D	0.0%
CTO	C	0.0%
AROW	D	0.0%
THFF	B	0.0%
HIFS	B	0.0%
WASH	A	0.0%
YORW	D	0.0%
CASS	C	0.0%
SMBC	C	0.0%
PLOW	C	0.0%
UHT	B	0.0%
GSBC	D	0.0%
HBNC	B	0.0%
MBWM	D	0.0%
MATW	F	0.0%
MNRO	D	0.0%
SPTN	C	0.0%
HFWA	C	0.0%
FCBC	A	0.0%
TMP	C	0.0%
HY	F	0.0%
PFC	C	0.0%
CTBI	B	0.0%
AMSF	C	0.0%
GRC	D	0.0%
SBSI	B	0.0%
SCVL	B	0.0%
GABC	C	0.0%
MSEX	C	0.0%

PFM Underweight 87 Positions Relative to QLC

Symbol	Grade	Weight
NVDA	D	-5.76%
GOOGL	D	-2.73%
GOOG	D	-2.7%
BRK.A	C	-2.35%
META	B	-2.32%
AMZN	C	-2.26%
LLY	C	-1.49%
C	C	-1.1%
GE	B	-1.01%
ADBE	F	-0.92%
CI	C	-0.9%
LRCX	F	-0.83%
T	C	-0.78%
AMAT	D	-0.77%
NFLX	B	-0.62%
SPG	B	-0.61%
CBRE	A	-0.6%
ETR	B	-0.59%
MPC	F	-0.59%
FICO	B	-0.59%
NVR	B	-0.59%
AZO	D	-0.59%
AVB	B	-0.59%
PPL	C	-0.57%
BKNG	C	-0.57%
COF	B	-0.57%
LDOS	B	-0.55%
TSLA	C	-0.55%
CHKP	B	-0.54%
PSA	B	-0.54%
VLO	F	-0.53%
AIG	D	-0.52%
EBAY	B	-0.51%
EQR	B	-0.49%
WY	C	-0.47%
MELI	B	-0.46%
HST	C	-0.46%
SYF	C	-0.43%
NRG	C	-0.43%
OMC	B	-0.42%
FTNT	C	-0.42%
GIS	B	-0.42%
EXC	C	-0.41%
DVA	B	-0.41%
MTD	D	-0.4%
CNC	D	-0.4%
CTSH	C	-0.36%
FIS	B	-0.35%
WFC	D	-0.33%
ALLY	F	-0.32%
RCL	B	-0.31%
DELL	D	-0.3%
EA	D	-0.27%
PCAR	D	-0.27%
WAB	B	-0.26%
TAP	D	-0.26%
PHM	B	-0.26%
ICLR	D	-0.23%
JBL	D	-0.23%
HOLX	B	-0.22%
IDXX	C	-0.22%
OXY	F	-0.22%
HCA	B	-0.22%
APP	C	-0.21%
DASH	C	-0.2%
ABNB	D	-0.2%
IT	B	-0.19%
NTAP	D	-0.18%
GILD	B	-0.15%
HOOD	C	-0.15%
THC	A	-0.15%
UTHR	C	-0.13%
MANH	B	-0.12%
LEN	B	-0.11%
REGN	C	-0.11%
EME	B	-0.1%
CRBG	D	-0.08%
GEHC	C	-0.08%
SMCI	F	-0.06%
FLEX	C	-0.06%
ZM	C	-0.05%
EXPE	C	-0.04%
JLL	B	-0.03%
CRM	D	-0.03%
TXT	D	-0.02%
MEDP	F	-0.02%
LAMR	B	-0.02%